Trading indicator
Commodity Channel IndexBacktest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Trading Performance
Commodity Channel Index
Score
-1.5
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 54 | 9.1 | 0.44% | 0.73% | 3.7% | -6.0% | -111.3% |
| SHORT | 53 | 6.5 | 0.53% | 0.97% | 3.2% | -4.3% | -36.6% |
Summary
Technical Analysis
Mcconnell Dowell Corporation (MDC.AX)
Indicator:
COMMOIDITY CHANNEL INDEX
Last Signal:
BEARISH
Trading: SELL @ $0.355
Signal Strength: MEDIUM
Recommendation:
Mcconnell Dowell Corporation (ASX:MDC) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -134. The bearish signal has been active for 27 days. During the quarter, the highest CCI value was 333.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.
Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2)
Typical Price (TP) = (High + Low + Close)/3;
PROFILE: Mcconnell Dowell Corporation (MDC.AX)
Stock Exchange: ASX
Company: Mcconnell Dowell Corporation
Ticker Codes: | MDC.AX | ASX:MDC |
Medlab Clinical Limited, a medical research and development facility, engages in nutraceutical products and pharmaceutical research businesses in Australia. The company develops bio-therapeutics for chronic kidney diseases, pre-diabetes/obesity, depression, musculoskeletal muscle loss associated with ageing, and non-opioid pain management. It also provides nutraceuticals for anti-inflammatory, cardiovascular support, endocrine support, gastrointestinal support, immunological support, infants and toddlers, metabolic support, musculoskeletal support, neurological support, sports performance, urogenital support, and weight management, as well as for men, pregnancy, seniors, teenagers, and women support. The company has a strategic alliance with Heritage Brands Limited to develop and market its products for the pharmacy retail channel. Medlab Clinical Limited was founded in 2012 and is based in Alexandria, Australia.
Top 10:
Commodity Channel Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| PNR Pacific Niugini Minerals | 0.2 | 21.2 | 8,666,174 | -30 | BEARISH |
| RMS Ramelius Resources | 0.77 | 15.9 | 8,313,251 | -149 | BEARISH |
| MOY Millennium Minerals | 0.07 | 15.8 | 5,801,793 | -61 | BEARISH |
| DCN Dacian Gold | 0.59 | 8.3 | 6,477,380 | -49 | BEARISH |
| GTN GTN Resources | 1.06 | 8.2 | 143,270 | -67 | BEARISH |
| URF Us Masters Residential Property Fund | 0.83 | 5.7 | 189,975 | -104 | BEARISH |
| KGN Kogan | 5.21 | 5.5 | 899,578 | -64 | BEARISH |
| MOC Mortgage Choice | 1.13 | 5.1 | 144,151 | -44 | BEARISH |
| ONE Oneview Healthcare | 0.21 | 5.1 | 191,184 | -83 | BEARISH |
| SDA Speedcast International | 3.63 | 4.9 | 1,766,294 | -38 | BEARISH |